378 Elm AVE SW, Roanoke, VA 24016
$900,000
Property Type:
MultiFamily
Lot Size (sq. ft.):
6,534
Status:
Closed
Current Price:
$900,000
List Date:
8/07/2015
Last Modified:
12/27/2024
Description
Elegant brick apartment building located within walking distance of Downtown in Roanoke' s historic Old Southwest neighborhood. This 14 unit building features a mix of one-bedroom, two-bedroom and studio apartments with a strong rental history. Amenities include refinished hardwood floors throughout and a coin operated laundry facility for additional income. A brand new architectural shingle roof
Supplements: was installed within the last 12 months. All utilities are currently paid by the landlord with gas radiator heat and window a/c units. Fantastic rental history with an average monthly rental amount of $660.
More Information MLS# 818116
General Property Description
Lot Dimensions: 50 x 130
Multi-Family Type: Apartments
Construction Status: Completed
Total Acreage: 0.15
Present Use: Built-As
# Furnished: 0
# Unfurnished: 14
# Leased Units: 14
Gross Bldg SQFT: 8208
Basement Y/N: Yes
Water Class: N/A
Parking Description: On Street
Gross Income: 111000
Year Built: 1920
Number of Units: 14
Operating Expense: 49335
Net Operating Income: 58695
Location, Tax & Legal
Major Area: 01 - City of Roanoke
Phase: 0
Lot: 1
Block: 14
Tax ID: 1020701
Annual Taxes: 6001
Section: 0
Zoning Code: RM-2
POA Y/N: No
Area: 0130 - City of Roanoke - SW
Street Number: 378
Street Name: Elm
Street Suffix: AVE
Street Direction Sfx: SW
State/Province: VA
Zip Code: 24016
Subdivision: Old Southwest
Municipality: City of Roanoke
Elementary School: Hurt Park
Middle School: James Madison
High School: Patrick Henry
Remarks & Misc
Directions: I 581 to right (west) on Elm Ave. Property on left at corner of Elm and 4th.
Limited Service
Not Limited Service: 1
Construction
Brick: 1
Basement
Partial: 1
Views
City: 1
Heating
Radiator Gas Heat: 1
Misc Features
Current Lease: 1
Historical Theme: 1
Miscellaneous Info
Public Transport: Yes
Cooling
Window Unit(s): 1
Water Description
Public: 1
Sewer Description
Public Sewer: 1
Water Heater Type
Tank: 1
Lease Type
One Year: 1
Owner Expenses
Electricity: 1
Heating: 1
Management Fee: 1
Tenant Expenses
No Utilities: 1
Contract Information
Current Price: $900,000
Sold Price: $900,000
List Date: 2015-08-05
Status: Closed
Status Change Info
Ratified Contract Dt: 2015-08-29
Sold Date: 2015-11-18
Sold Price: $900,000
Property Features
Limited Service: Not Limited Service
Construction: Brick
Basement: Partial
Heating: Radiator Gas Heat
Cooling: Window Unit(s)
Water Description: Public
Sewer Description: Public Sewer
Water Heater Type: Tank
Lease Type: One Year
Owner Expenses: Electricity; Management Fee
Misc Features: Current Lease; Historical Theme
Tenant Expenses: No Utilities
Listing Office: WALDVOGEL COMMERCIAL PROPERTIES
Last Updated: December - 27 - 2024
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